‘Reckless’ Carillion’s overseas ventures were ‘largely disastrous’

Carillion’s forays overseas were largely disastrous, says a UK Parliamentary report looking at the collapse of the troubled contractor. Citing a 2011...

Construction

Vox to set-up new IMAX screens in Saudi Arabia

IMAX Corporation and Vox Cinemas have signed a new agreement that specifies a minimum of four IMAX cinemas in Saudi Arabia. The...

Construction

UK Government lacked ‘bravery’ as Carillion became a ‘time bomb’

A UK Parliamentary committee formed of MPs representing both Work and Pensions and BEIS (Business, Energy, Industry Strategy) has concluded that the...

Construction

Aldar registers $182m in net profit for Q1 2018

Aldar Properties, the Abu Dhabi-based property development company, has said that it has registered a net profit of $182 million for the...

Construction

Saint-Gobain breaks ground for its first Multi Comfort House in the Middle East

French multinational Saint-Gobain has broken ground on its first Multi Comfort House in the Middle East at Masdar City, Abu Dhabi’s sustainable...

Construction

DSI returns to profitablity as it posts net profit for quarter; reversing Q1 2017 losses

Drake and Scull International, the Dubai-based construction and engineering contractor, has achieved an overall net profit of $1.9 million for the first...

Construction

Nakheel updates on $217mn The Pointe development

The Pointe, Nakheel’s $217 million, 130,064sqm waterfront dining and entertainment destination on Palm Jumeirah, is nearing completion and will open towards the...

Fleet

Kuwait’s Al-Ahlia opens flagship showroom and service centre for MAN Truck & Bus

Al-Ahlia Heavy Vehicles Selling & Import Co, the exclusive importer of MAN Truck & Bus in Kuwait, has inaugurated the newest facility...

Machinery

Limak Insaat awards Mammoet contract for $3.4bn Kuwait International Airport

Limak Insaat has appointed heavy lifting and transport specialist Mammoet to carry out the transportation and installation works for the new $4.3bn...